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Saturday, December 8, 2007


An article in today's NY Times caught my eye...seems the attorney general in New York is pushing for a new fair rating system where consumers can get quality ratings on prospective specialists. A study indicates that current physician rating systems are primarily price-driven indexes, and have little to do with quality, outcomes and other factors most important to health-advice seeking consumers. Makes sense when you consider that healthcare generally has a relatively low elasticity of demand.

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